SFF 2025: AI-driven cyber and deepfake risks emerge as top threats in financial services

Banks and payment giants at the Singapore FinTech Festival warned about deepfakes, cyberattacks, and AI-driven fraud even as they push aggressively into agentic AI and design their firms around AI-native operating models. With risks rising, leaders said 2026 will force a balance between ambition and safeguards.

At the Singapore FinTech Festival 2025 this month, global financial executives spotlighted artificial intelligence (AI)-driven cyber and deepfake threats as the most pressing systemic risk to the sector.

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